Monday’s blog post was somewhat eye-opening, right? Throughout the province of Ontario in the past five years, we’ve seen nothing but price growth! Across the board, through twenty-four areas that CREA tracks, we saw anywhere from 39% appreciation in HPI in North Bay all the way up to 121% in Tillsonburg. What I enjoyed even more than the stats themselves…
A view from above Toronto’s King Street East is featured in today’s Daily Photo. Captured by Forum contributor DavidCappizano, this west-facing view shows the 65 King Street East and Scotiabank North Tower at Bay Adelaide Centre office towers rising into the skyline. Toronto skyline, image by Forum contributor DavidCapizzano Want to see your work featured as Daily Photo? Head over to the City…
A stretch of Keele Street in Northwest Toronto fronting the former air base-turned urban park is seeing a rising tide of mid-rise residential redevelopment. The trend is set to continue with another proposal for the Downsview Park area as an application submitted to the City in the final weeks of 2020 seeks a Zoning By-law Amendment to permit a mid-rise…
Homeowners are allowed use the surface of a property easement, as long as it doesn’t interfere with the utilities underneath. If it does, costs add up. The Ontario Court of Appeal has ordered two Oakville, Ont. homeowners to pay $40,000 in court costs and to remove a swimming pool they had built on top of a utility easement.The easement, in…
Today’s Daily Photo takes us to the QEW’s Islington Avenue overpass for a view of multiple Toronto area skylines. Facing east, this view from Marc Mitanis shows the expressway passing through the Humber Bay Shores neighbourhood skyline. In the background, the main Downtown skyline stretches from the CN Tower in the south to the Bloor-Yorkville skyline in the north. Toronto skyline, image by…
Plaza Partners have submitted a building proposal to the City of Toronto for a site at 6035 Bathurst Street south of Steeles Avenue. The neighbourhood could see a new 14-storey infill apartment building bringing 220 residential units, if the Zoning By-law Amendment (ZBA) is approved. Looking east across the street to 6035 Bathurst, residential entrance, designed by BDP Quadrangle Limited…
In this month’s Move Smartly report, we look at key trends to keep an eye on in the Toronto real estate market during 2021. As Featured in the Move Smartly Report: Bubble-Like Conditions for Houses As I noted in my December 2020 report, the market for single-family houses (not condo s) is showing alarming bubble-like symptoms reminiscent of what we…
Five insights into the Bank of Canada’s optimistic forecast due to falling infection rates and large-scale vaccinations, and what that means for your mortgage. Last week the Bank of Canada (BoC) provided its latest assessment of the economic landscape both at home and abroad via its policy statement, Governor Macklem’s accompanying press conference, and the issuance of its latest Monetary…
Downtown Toronto traffic dips to 63 per cent of normal volumes after new restrictions implemented; No Pride parade, but maybe the CNE: how 2021 is shaping up for Toronto’s festivals; Toronto’s pandemic isolation centre for the homeless faces capacity crunch as COVID-19 cases rise in shelters; and more news: ‘The levels of stress and anxiety at the TTC have reached a breaking…
Am I guilty of giving away the ending before we’ve even started? Maybe. But trust me when I say that there’s still plenty more surprises ahead. There are many ways to skin a cat, and likewise, many ways to look at housing statistics in Canada. And with the firey-hot market out there for housing in Toronto right now, one question has to come…
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